Analysts: If Powell adopts a hawkish stance and the dollar rises above 100, it will put pressure on global risk trades.

Market analyst Jared Blikre stated that Bank of America's March global fund manager survey, released Tuesday, showed that large institutional investors' holdings in emerging market equities reached their highest level since February 2021, and their holdings in commodities also reached their highest level since April 2022, while their holdings in the US dollar remained below average. This makes the US dollar a focal point of the Fed's decision. Powell doesn't need to influence market trends by adjusting interest rates. If Powell's rhetoric is hawkish and the dollar index rises above 100, it could put pressure on investors' heavily invested overseas trades. However, if Powell's tone is more moderate, this pressure will ease, and emerging market equities and commodities will have more room to grow. The key level to watch for the dollar index is 100. Once it breaks through this level, the pressure will increase. If it is repelled again, global risk trading will continue. (Jinshi)